Every day Li Yizhong translates and puts into brief perspective the headlines of the Shanghai Morning Post's daily newspaper, Shanghai's largest morning newspaper

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Red lanterns and exotic flowers have started to appear on the streets of Beijing – the star in the upcoming celebration of the 60th birthday of PRC China. This celebration is close to the most watched event in China each year, coming second only after the Chinese New Year. But you have to watch out for the 5 and 0. Meaning an anniversary as multiple of 5 or 10 would be extra phenomenal.

Aside from the flowers, security has also tightened ahead of the celebration. Airports in China’s major cities have raised the level of security to minor the level during 2008 Beijing Olympics. Beijing has prohibited any delivery of parcel containing liquid and powdery substances. I don’t think anybody wants to see anything other than the fireworks exploring in the sky this October.

Other Headlines Today

• Apparently, the H1N1 influenza has escaped from the summer heat. Coming out of hiding, it’s infected another 7 students in Hangzhou and 14 in Anhui providence. Hong Kong might have it the worst among other cities in China. With a total of 1045 recorded cases of the infection, patients have died from H1N1 in Hong Kong for the past 4 days. Where is that vaccine?

• Something happened yesterday that would shock soccer fans in China, and probably around the world. Players from Qingdao Hai Li started to shoot their own goal in the last 5 minutes of the game, with a 3 goal lead! I have failed to grasp the psychological motive behind this absurd move. But wait, you haven’t heard the funniest part. They all missed!

• Some experts worry that the speed of the currently IPO in the A-share market is too fast. So fast, that it threaten to drag down the whole market with it. Only two month after the reopening of the IPO in the A-share market, the total amount of capital raised by IPO has reached 66 billion RMB.